Invest Buffalo Niagara Foundation Inc
- Assets
- $421.4k
- Revenue
- $316.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 04/2019
- Data as of
- 06/2022
- EIN
- 82-5163781
Organization Overview
Invest Buffalo Niagara Foundation Inc is located in Buffalo, NY. The organization was established in 2019. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Invest Buffalo Niagara Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Invest Buffalo Niagara Foundation Inc generated $316.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $151.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ORGANIZATIONS THAT ADVANCE AND ENCOURAGE ECONOMIC DEVELOPMENT IN WESTERN NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP PROGRAMS, COLLABORATE WITH, AND PROVIDE FUNDING TO ORGANIZATIONS THAT ADVANCE AND ENCOURAGE ECONOMIC DEVELOPMENT IN WESTERN NEW YORK.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas A Kucharski President & CEO | Officer | 1 | $0 |
Anthony Spada Jr Chair | Trustee | 1 | $0 |
Pete Petrella Treasurer | Trustee | 1 | $0 |
Rebecca Gandour Secretary | Trustee | 1 | $0 |
Jenna Kavanaugh Chief Operating Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,500 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $151,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $75 |
| Total functional expenses | $151,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,403 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $421,403 |
| Accounts payable and accrued expenses | $101,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $101,500 |
| Net assets without donor restrictions | $258,153 |
| Net assets with donor restrictions | $61,750 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $421,403 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Invest Buffalo Niagara Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: NIAGARA COUNTY ECONOMIC GARDENING | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pershing Square Foundation New York, NY | $346,223,156 | $346,633,563 |
Venture Michigan Fund New York, NY | $423,885,343 | $78,875,591 |
Community Loan Fund Of New Jersey New Brunswick, NJ | $216,841,059 | $22,047,293 |
Resolution Project Inc New York, NY | $959,499 | $1,878,975 |
Masonic Education And Charity Trust Boston, MA | $82,618,373 | $2,222,498 |
One Hundred Black Men New York, NY | $1,621,629 | $1,558,078 |
Transgender Emergency Fund Of Massachusetts Dorchester, MA | $108,792 | $726,756 |
Fishtown Kensington Area Business Improvement District Inc Philadelphia, PA | $471,400 | $763,974 |
Arden Local Development Corporation Middletown, NY | $5,083,817 | $416,959 |
Blueprint Org Inc New York, NY | $0 | $540,000 |
Management Information Exchange Boston, MA | $1,180,476 | $575,527 |
Raise A Glass Foundation Inc Webster, NY | $40,667 | $336,657 |